Stein Sifon: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Stein Sifon
Largest movements
- Cash +€3,798
up €3,798 (+158%), from €2,401 to €6,199
mainly Trade debts (+€15,356) and Net result for the year (+€8,743)
- Receivables within one year +€3,231
up €3,231 (+2.5%), from €129,785 to €133,016
of which Other amounts receivable: +€1,840
- Trade debts +€15,356
up €15,356 (+73.8%), from €20,798 to €36,154
- Other debts -€10,000
down €10,000 (-76.9%), from €13,000 to €3,000
- Reserves +€5,743
up €5,743 (+10.0%), from €57,302 to €63,046
- Current portion of long-term debt -€2,801
no longer reported in 2025 (was €2,801)
- Tax, wage and social debts -€2,045
down €2,045 (-15.1%), from €13,556 to €11,511
- Gross operating margin -€32,006
down €32,006 (-55.3%), from €57,851 to €25,844
- Provisions -€9,060
down €9,060 (-88.4%), from €10,251 to €1,191
- Other operating charges +€6,147
up €6,147 (+514%), from €1,196 to €7,343
- Taxes -€3,225
down €3,225 (-45.5%), from €7,086 to €3,861
- Depreciation -€1,226
down €1,226 (-50.9%), from €2,410 to €1,184
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €138,543 | €144,393 | +€5,850 | +4.2% |
| Fixed assets | 21/28 | €3,103 | €1,919 | -€1,184 | -38.2% |
| Tangible fixed assets | 22/27 | €2,293 | €1,109 | -€1,184 | -51.6% |
| Plant, machinery and equipment | 23 | €872 | €444 | -€428 | -49.1% |
| Furniture and vehicles | 24 | €1,421 | €665 | -€757 | -53.2% |
| Financial fixed assets | 28 | €810 | €810 | = | 0.0% |
| Current assets | 29/58 | €135,440 | €142,474 | +€7,034 | +5.2% |
| Stocks and contracts in progress | 3 | €2,550 | €2,375 | -€175 | -6.9% |
| Stocks | 30/36 | €2,550 | €2,375 | -€175 | -6.9% |
| Amounts receivable within one year | 40/41 | €129,785 | €133,016 | +€3,231 | +2.5% |
| Trade receivables | 40 | €68,285 | €69,675 | +€1,391 | +2.0% |
| Other amounts receivable | 41 | €61,500 | €63,341 | +€1,840 | +3.0% |
| Cash at bank and in hand | 54/58 | €2,401 | €6,199 | +€3,798 | +158% |
| Deferred charges and accrued income | 490/1 | €704 | €884 | +€180 | +25.6% |
| Total equity and liabilities | 10/49 | €138,543 | €144,393 | +€5,850 | +4.2% |
| Equity | 10/15 | €60,302 | €66,046 | +€5,743 | +9.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €57,302 | €63,046 | +€5,743 | +10.0% |
| Distributable reserves | 133 | €57,302 | €63,046 | +€5,743 | +10.0% |
| Provisions and deferred taxes | 16 | €10,251 | €11,441 | +€1,191 | +11.6% |
| Provisions for liabilities and charges | 160/5 | €10,251 | €11,441 | +€1,191 | +11.6% |
| Other liabilities and charges | 164/5 | €10,251 | €11,441 | +€1,191 | +11.6% |
| Amounts payable | 17/49 | €67,991 | €66,906 | -€1,084 | -1.6% |
| Amounts payable within one year | 42/48 | €62,968 | €61,577 | -€1,391 | -2.2% |
| Current portion of amounts payable after more than one year | 42 | €2,801 | - | -€2,801 | |
| Financial debts | 43 | €1,901 | - | -€1,901 | |
| Credit institutions | 430/8 | €1,901 | - | -€1,901 | |
| Trade debts | 44 | €20,798 | €36,154 | +€15,356 | +73.8% |
| Suppliers | 440/4 | €20,798 | €36,154 | +€15,356 | +73.8% |
| Advances received on contracts in progress | 46 | €10,911 | €10,911 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €13,556 | €11,511 | -€2,045 | -15.1% |
| Taxes | 450/3 | €13,556 | €11,511 | -€2,045 | -15.1% |
| Other amounts payable | 47/48 | €13,000 | €3,000 | -€10,000 | -76.9% |
| Accrued charges and deferred income | 492/3 | €5,023 | €5,329 | +€306 | +6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,410 | €1,184 | -€1,226 | -50.9% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €10,251 | €1,191 | -€9,060 | -88.4% |
| Other operating charges | 640/8 | €1,196 | €7,343 | +€6,147 | +514% |
| Non-recurring operating charges | 66A | - | €3,631 | +€3,631 | |
| Gross operating margin | 9900 | €57,851 | €25,844 | -€32,006 | -55.3% |
| Operating profit (loss) | 9901 | €43,994 | €12,495 | -€31,499 | -71.6% |
| Financial income | 75/76B | - | €57 | +€57 | |
| Recurring financial income | 75 | - | €57 | +€57 | |
| Financial charges | 65/66B | €202 | -€53 | -€255 | |
| Recurring financial charges | 65 | €202 | -€53 | -€255 | |
| Profit (loss) for the period before taxes | 9903 | €43,792 | €12,605 | -€31,187 | -71.2% |
| Income taxes | 67/77 | €7,086 | €3,861 | -€3,225 | -45.5% |
| Profit (loss) for the period | 9904 | €36,706 | €8,743 | -€27,963 | -76.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,706 | €8,743 | -€27,963 | -76.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.